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08 Aug: Bitcoin BOING!

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about things which are beyond the power of our will."
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Happy Monday Folks! The Crypto market has turned green reaching a 1-month high market capitalisation. Last night on twitter about 9 hours ago, I could tell the Bollinger bands were tightening and I felt we'd get a strong move to the upside and BOING! Bitcoin surges above $24K for the first time in 8 weeks. Whales are splashing around and investors are bullish over Ethereum "Merge" disinflation narrative. 

In the Altcoins, XRP is forming an interesting pattern on the charts which might be good news in the short term. Cardano price eyes 30% rally as $ADA accumulation accelerates among whales and sharks. According to Kraken, on-chain activity continued its tear in volume with a 268% rise YTD. People in Chile are turning to $USDT and $USDC to hedge against inflation and peso devaluation. 

Some Analyst are being a bit over bullish, like InvestAnswers, talking about Bitcoin bursting to $773K IF BlackRock enters Bitcoin in a big way and others are more reasonable like Mike McGlone who believes Bitcoin is trading at a discount. Kaleo and Cowen, see Ethereum in a bullish light, while Santiment is analyzing Cardano accumulation. 

Notable voices are talking about Bitcoin Maximalism (like Matt Corallo) and Bitcoin as a financial innovation (Fabio Araujo); Eric Schmidt calls Bitcoin remarkable. Buterin is talking about layer 2 scaling and payments, while Alex Svanevik is talking about Ethereum's merge. There continues to be a lot of things going on in this market and this weekend was full! Check out the rest of the articles below and I will update more later. 


  • Crypto market turns green reaching a 1-month high market capitalisation (Finbold)
  • Morgan Stanley job posting points to wide-ranging crypto plans (TB)
  • Nigeria becomes the most crypto-obsessed nation after April crash: Report (Cointelegraph)



  • Market Sentiment Holds Steady As Bitcoin Aims For $24,000 (NewsBTC)
  • Bitcoin Races Towards $25,000 As Traders Remain Super Bullish On Cardano, Polkadot, Solana (ZyCrypto)
  • Bitcoin’s bullish advance in play if this crucial support level holds (Finbold)
  • Bitcoin on Verge of Entering Reversal Rally, Ethereum Reaches $1,800: Crypto Market Review, August 8 (UToday)
  • Has US inflation peaked? 5 things to know in Bitcoin this week (Cointelegraph)
  • Bitcoin ($BTC) Surges Above $24K for the First Time in 8 Weeks (Cryptoglobe | Cointelegraph)
  • How Bitcoin whales make a splash in markets and move prices (Cointelegraph)
  • Investors Bullish Over Ethereum Merge Disinflation Narrative (Blockworks)
  • Ethereum market cap surpasses $200 billion as ETH reclaims $1,800 (Finbold)
  • Ethereum Lifts Crypto Products to Sixth Straight Week of Inflows (BIC)
  • Institutional Investors Are Pouring Capital Into Ethereum (ETH) in Anticipation of the Merge: CoinShares (TDH)


  • XRP Forming Interesting Pattern on Charts; This Might Be Good News in "Short Term" (UToday)
  • Cardano Price Eyes 30% Rally As ADA Accumulation Accelerates Among Whales and Sharks (ZyCrypto | NewsBTC)
  • Cardano: Someone Is Buying It Up, and Reason Remains Unknown (UToday)
  • Kraken on Cardano: ‘On-Chain Activity Continued Its Tear in Volume With a +268% Rise YTD’ (Cryptoglobe)
  • Here Is Where Tether Might Be Holding Their Money (UToday)
  • In Chile, People Are Turning to $USDT and $USDC to Hedge Against Inflation and Peso Devaluation (Cryptoglobe)


  • Justin Bennett: Crypto Markets To Face Biggest Test of 2022 This Week (TDH)
  • InvestAnswer: BlackRock and Coinbase Deal Could Trigger Bitcoin Burst to $773,000; in many years (TDH | BIC)
  • Mike McGlone: Bitcoin Is Trading at a Discount and could become Risk Off Asset, Says Bloomberg Senior Analyst; $BTC to reach $100K (BIC | Cointelegraph | UToday | NewsBTCTDH)
  • Nicholas Merten: $5,000 Ethereum? Crypto Analyst Nicholas Merten Makes the Case for ETH Rally Heading Into The Merge (TDH)
  • Kaleo: Top Analyst Says Ethereum (ETH) About To Rip, Calls One Exchange Token an ‘Actual Tank’ (TDH)
  • Benjamin Cowen: Here’s How Ethereum (ETH) Can Help Bitcoin (BTC) Raise Its Dominance Level, According to Top Crypto Analyst (TDH)
  • The Crypto Dog: Analyst Says Altcoin That Just Rallied 200% Hasn’t Even Started, Predicts New All-Time Highs for Binance Coin (TDH)
  • Santiment: Large Cardano Holders Gobble Up $138,000,000 Worth of ADA in Just Eight Days (TDH)
  • Guy: Coin Bureau Says $MATIC Could Hit $1.50 in the Run-Up to Ethereum’s Merge (Cryptoglobe | TDH)
  • Kevin Svenson: Top Crypto Strategist Issues Bitcoin Warning, Says BTC at Risk of Major Breakdown (TDH)
  • Glassnode: Here's Who Sold Enormous Volumes of Bitcoin in Recent Months per Glassnode Data (UToday | NewsBTC)


  • Matt Corallo: Bitcoin Dev: Maxis Should Explain Why $BTC Is ‘Great’ Instead of ‘Attacking’ Altcoins (Cryptoglobe | Cointelegraph | Bitcoinist)
  • Fabio Araujo: Brazil central bank director terms Bitcoin a financial innovation (Finbold | Bitcoinist)
  • Eric Schmidt: Bitcoin Is A ‘Remarkable Cryptographic Achievement,’ Ex-Google CEO Says (Bitcoinist)
  • Buterin: Layer-2 scaling will make crypto payments ‘make sense’ again (Cointelegraph | TB)
  • Alex Svanevik: Ethereum Merge may lessen usage for other chains, says Nansen CEO: KBW 2022 (Cointelegraph)
  • Lyn Alden: Investment Strategist Makes a Strong Argument for Stablecoin Use Cases (Cryptoglobe)
  • Jim Rogers: Legendary Investor Issues Stern Warning Against Investing in Crypto Assets – Here’s Why (TDH)
  • Mark Cuban: Billionaire Explains Why SEC’s Stance on Crypto Is “Incredibly Hypocritical” (Cryptoglobe)


  • Move Over, Ethereum – Bitcoin’s Lightning Network Has Apps, Too (Coindesk)


  • Celsius Withdraws Motion to Rehire Former CFO (BIC | Blockworks | Bitcoinist)
  • Celsius Wants to Sell its Mined Bitcoin. Texas Regulators Don’t Trust It (Blockworks)


  • Futures volumes continue to climb as crypto prices pull back: the week in markets (TB)
  • Ethereum PoW Futures to Start Trading on Biggest Derivatives Trading Platform (UToday | CryptoPotato)


  • CryptoDickbutts Ethereum NFTs Surge 690% in Daily Sales Volume (Decrypt)
  • $SOL: Solana’s Largest NFT Marketplace Responds to Critics Over Security Risks (Cryptoglobe)


  • Vitalik: Will Ethereum Be Harmed by New Forks? Vitalik Buterin Shares His Take (UToday | BIC | Finbold)
  • Vitalik Buterin: Presents New Feature for Ethereum: Stealth Addresses (UToday | Cointelegraph)
  • Potential Ethereum proof-of-work fork unlikely to succeed, says Vitalik Buterin (TB)
  • Chainlink says it will not support Ethereum’s proof-of-work forks ahead of Merge (Finbold | Cointelegraph | BIC)
  • Three crypto exchanges are letting traders bet on tokens for anticipated Ethereum fork (TB)
  • Crypto Companies Divided on Proposed PoW Ethereum Forks (BIC)
  • Hasu: $ETH: Popular Crypto Analyst Shares His Thoughts on a Potential PoW Fork of Ethereum (Cryptoglobe)
  • Cardano Blockchain Insights Hide Some Intriguing Stats (UToday)



  • Bitcoin mining stock report: Monday, August 8 (TB)
  • Crypto Miner Marathon Digital Posts $192M Net Loss in Q2 (Blockworks | TB)
  • Bit Digital mined 111% more bitcoin in July over June (TB)
  • Iris Energy doubles hash rate after reaching 50 megawatts at Mackenzie site (TB | Cointelegraph)
  • Amid miner capitulation, Hut 8 maintained BTC ‘HODL strategy’ in July (Cointelegraph)
  • What Would Be The Ethereum Merge Impact On Cryptocurrency Miners (NewsBTC)
  • Ethereum’s 2nd-largest mining pool acknowledges ETH Proof-of-Work era ‘is at its end’ (Finbold)



  • Circle freezes USDC funds in Tornado Cash's US Treasury-sanctioned wallets (TB | Cointelegraph)
  • New Dogecoin Scam Making Rounds on Twitter (UToday)
  • Self-Proclaimed Satoshi Craig Wright Claims People Can Prove He Created Bitcoin (UToday | Finbold)


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The Crypto Curator
The Crypto Curator

I've been exposed to the world of crypto since 2011. Now I use my knowledge to curate the most relevant news articles, podcast, videos, blogs and social media information to help you be in the know in Crypto!

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